1725 Broadway St, Fresno, CA
Successful ballroom/concert venue with real estate and valuable amenities.
- Added:
- Feb 14, 2023
- Days on Market:
- 1217
- Last Refresh:
- May 20 at 9:42 pm
Property Features for 1725 Broadway St
General Information
- Standard status
- Active
- Size
- 18,750 SF
- Lot size
- 0.43 Acres
- Property subtype
- RETAIL
Listing agent Kevin Land License #01516541 (559) 359-4035
Listing office KW Commercial | Central California (559) 705-1000
Listing date Feb 14, 2023
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial | Central California
HighLights
- Successful and Profitable Turn‑Key Ballroom/Concert Venue Business and Real Estate Included.
- Iconic Landmark with a rich history dating back to 1918, hosting legendary musicians and diverse events.
- Large ±18,750 SF building with two levels, a stage, maple dance floor (capacity 600‑800), VIP areas, and a remodeled bar.
- Fully Equipped Kitchen with a 5‑year‑old ansul system and all necessary appliances.
- Includes a Type 47 Liquor License (allowing catering), website, domain, tables, chairs, bar and kitchen equipment, and office equipment.
- Centrally located in the fastest growing region of California, serving a large customer base across multiple cities.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $360.0k | $19.20 |
| − Vacancy | −$21.6k | −$1.15 |
| EGI | $338.4k | $18.05 |
| − OpEx | −$84.6k | −$4.51 |
| NOI | $253.8k | $13.54 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.8
- Latitude
- 36.7403